Top 5 AMCS – Asset management Companies

June 10, 2008

We decided to find out the top 5 Asset management Companies – AMCs based on two factors – Total Assets Under Management and Equity Assets Under Management as on May-31st, 2008. The latter is of more importance to our theme of investing.

Top 5 AMCs based on Total Assets under management:

Reliance Mutual Fund Rs 98,431 cr

ICICI Prudential Mutual Fund Rs 59,094 cr

HDFC Mutual Fund Rs 56,107 cr

UTI Mutual Fund Rs 54,652 cr

Birla Sun Life Mutual Fund Rs 41,442 cr

Top 5 AMCs based on Total Equity Assets under management:

Reliance Mutual Fund Rs 24,478 cr

UTI Mutual Fund Rs 19,188 cr

HDFC Mutual Fund Rs 16,881 cr

SBI Mutual Fund Rs 14,661 cr

Franklin Templeton Mutual Fund Rs 13,727 cr

These figures does not mean that you should only invest in funds offered by these AMCs. Review of extended coverage of AMCs beyond HDFC will be posted here by the end of this month.